“Can a European ERP/HCM vendor become the embedded financial OS for SMBs and accountants by layering banking, invoice financing, and payments on top of its accounting backbone?”
Founded in 1983 as a French management software publisher, Cegid grew into a cloud ERP, HCM, and retail-tech vendor serving 750,000+ customers. The 2025 acquisition of French neobank Shine signaled a strategic move into embedded finance — positioning Cegid as a 'financial copilot' for European SMBs and accountants, layering banking and payments on top of its accounting and ERP backbone.
Cegid discloses Shine (in-house, via 2025 acquisition) as its banking provider, according to the Embedded Finance Index 2026.
Cegid does not disclose a bank charter of its own; its banking services are provided through Shine (in-house, via 2025 acquisition).
Cegid's lending and capital products are provided by Scalapay and Cofidis.
Cegid integrates with Cegid Loop API (accounting), Cegid ROSE API (Sales, Purchasing, Accounting, Assets), Cegid Jasmin API and Peppol e-invoicing.
The Embedded Finance Index 2026 maps 6 layers in Cegid's stack: Payments / PSP (Adyen, HiPay, Worldpay and Lyf); Banking / BaaS (Shine (in-house, via 2025 acquisition)); Lending (Scalapay, Cofidis, Cegid Invoice & Financing (invoice financing, 48h funding), Scalapay BNPL (in-store, via MWC connector) and 1 other); Unified APIs (Chift and SWIFT (direct)); Accounting (Cegid Loop API (accounting), Cegid ROSE API (Sales, Purchasing, Accounting, Assets), Cegid Jasmin API and Peppol e-invoicing); Treasury (Cegid Treasury (in-house) and Cegid Allmybanks (in-house)).
Cegid is founded in 1983 and headquartered in Lyon, France.
Get a read on where your own stack stands against Cegid and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.